Brazil has become the first country in the world to approve an ETF (index fund) with exposure to XRP, one of the largest crypto assets on the market. The Brazilian Securities and Exchange Commission (CVM) has given the green light for the launch of the product, which will be traded on the Brazilian stock exchange, offering investors a regulated way to access XRP without having to purchase the cryptocurrency directly.
This advance reinforces Brazil’s role as one of the countries most open to innovation in the digital assets sector. The Brazilian market has shown great receptiveness to financial products linked to cryptocurrencies in recent years, which has helped in the rapid adoption and diversification of crypto ETFs available on B3.
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